"In the night Donald Trumph was elected the next US president, one of his fellow
nationalist populist politicians chose to implement at the stroke of midnight
"demonetization" intervention which affectd 85% of the money in circulation in
India. It was an unprecedented move, whether in India or almost anywhere else, and it is
by far Modi's boldest policy intervention date. In a surprise TV address Narendra Modi,
the Indian prime minister announced and all 500- and 1,000-rupees notes would be withdrawn
Immediately from circulation. At a stroke Mr. Modi rendered 85% of currency worthless
outside a bank branch. Old notes would have to be exchanged for limited supplies of new
currency. It was justified as a move designed to fight corruption and targest people who
have been dodging taxes by holding taxes by holding stockpiles of cash, known in Indian as
"black money" This book gives a complete analysis for Indian Demonitisation
Scheme. Many initiality saw the withdrawl of banknotes as a price worth paying to
eliminate graft. The short-term impact of "demonetisation" has been dramatic:
the $2 trillion Indian economy will shrink. While Mr. Modi campaigned to end corruption,
it would have been better if the government had updated its antiquated tax system to
realise such a task. This book analyze and give the road ahead for Indian economy post
demonitisation. Book Further reviews large surplus liquidity post demonitisation Book
further reviews large surplus liquidity post demonetisation led to a significant
improvement in monetary policy transmission as reflected in a significant decline in
deposit and lending interest rates."
[from
Blurb]

Contents

Preface

1. Indian Banknote Demonetization 2016

2. Understanding Black Money : How it Affects Indian Economy?

3. Black Money : Estimations and Institutions

4. Impact of Corruption on Economic Development

5. The Issues of Political Corruption

6. The Economics and Politics of Corruption in India

7. Indian Black Money

8. The Implications of Political Corruption for India's Economic Development